Why Is MANTRA (OM) Price Pumping?

The price of MANTRA has been going up, spiking by more than 16% today and 100% in the last 7 days. The price is now moving upward again after a period of consolidation and then downward trading on the 4 hours timeframe. What has been making the price spike?

Community Support Drives Optimism

X user @killerg124, named Rayan, posted that the MANTRA token $OM appears ready for a significant price increase, stating “Breakout confirmed!” This indicates bullish sentiment amongst investors and traders that the token’s price uptrend will continue.

Additionally, the official MANTRA X account @MANTRA_Chain shared news that a DAO governance proposal was passed with 99.95% approval to make $OM the native token of the MANTRA blockchain. This shows overwhelming support from the decentralized community to further utilize $OM within the ecosystem.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Influencers Foresee Exponential Growth Potential

X user @marlies_veen, named Marlies van Veen, boldly predicted that the current $3 million market cap altcoin is poised for significant gains in 2024, even calling it “a gem” with a “far better” roadmap than most top crypto projects. Comments like these from influencers in the space can draw further attention to lesser-known tokens like $OM and feed investor hype.

Taken together, these positive signals appear to be driving increased demand and thus rate spikes for $OM so far this week. With community and influencers on board, 2024 could see this altcoin gain much more traction.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo